In terms of market performance, Melco Resorts & Entertainment Ltd ADR had a fairly uneven. The highest value for the stock in the past year was $9.56 on 01/02/24, and the lowest value was recorded at $4.78 on 08/05/24.
52-week price history of MLCO Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Melco Resorts & Entertainment Ltd ADR’s current trading price is -35.20% away from its 52-week high, while its distance from the 52-week low is 29.60%. The stock’s price range during the 52-week period has remained between $4.78 and $9.56. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 1.36 million for the day, which was evidently lower than the average daily volume of 3.36 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Melco Resorts & Entertainment Ltd ADR (MLCO) has experienced a quarterly rise of 21.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.60B and boasts a workforce of 20209 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.27, with a change in price of -0.59. Similarly, Melco Resorts & Entertainment Ltd ADR recorded 3,624,047 in trading volume during the last 100 days, posting a change of -8.70%.
MLCO Stock Stochastic Average
Melco Resorts & Entertainment Ltd ADR’s raw stochastic average for the past 50 days is presently 14.78%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 20.65%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 12.68% and 9.46%, respectively.
MLCO Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Until today this year the stock’s price performance recorded a decrease of -30.16%. However, over the last six months, the performance has been stronger by -23.14%. The price of MLCO decreased -10.86% over the last 30 days. And in the last five days, it has surged by 2.40%.
